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On January 31st, Peter Cardillo, Chief Market Strategist at Spartan Capital Securities, stated, "I dont want to say that Warshs nomination as the new Federal Reserve Chairman was entirely unexpected. He has always been considered hawkish, but recently he seems to be converging with Trumps position, making it a bit difficult to assess how the market will accept this nomination. We just need to see if he will be influenced by the White House. My guess is that he wont; he will examine issues very carefully and maintain a certain balance on inflation and the labor market. He may not be as decisive as Powell, but he wont be too far off."On January 31, the Political Bureau of the CPC Central Committee held its 24th collective study session on the afternoon of January 30, focusing on forward-looking planning and the development of future industries. Xi Jinping, General Secretary of the CPC Central Committee, emphasized during the session that a new round of technological revolution and industrial transformation is accelerating, with cutting-edge technologies constantly emerging, leading and supporting the rapid rise of future industries. He stressed the need to approach this from a strategic perspective of building a strong nation and achieving the great rejuvenation of the Chinese nation, leveraging objective conditions and comparative advantages, adhering to the principle of seeking progress while maintaining stability and cultivating industries in a phased manner, to continuously achieve new breakthroughs in the development of my countrys future industries.On January 31, NASA announced that the Perseverance rover had successfully completed its first maneuver on the Martian surface using an AI-planned route. According to NASAs website, the demonstration mission, led by the Jet Propulsion Laboratory, took place on December 8 and 10, 2025. The mission team used generative artificial intelligence with visual understanding capabilities to analyze high-resolution images taken by the Mars Reconnaissance Orbiter (MRO) and data on terrain and slope, identifying key terrain features such as rocks, sand ripples, and boulder deposits. This generated a continuous route with multiple path nodes, helping Perseverance safely traverse complex terrain. Previously, this work was primarily done by ground engineers. Perseverance stored the AI-generated path nodes in its memory and traveled approximately 210 meters on December 8 and another 246 meters two days later.According to Interfax news agency, production at Kazakhstans Tengiz oil field has resumed.On January 31st, the Institute of Finance and Banking of the Chinese Academy of Social Sciences released its "China Macroeconomic and Financial Analysis" report for the fourth quarter of 2025, which pointed out that in 2026, my countrys economic policy orientation will shift from "strengthening unconventional counter-cyclical adjustments" to "increasing the intensity of counter-cyclical and cross-cyclical adjustments." The macroeconomic and financial analysis team of the Institute of Finance and Banking of the Chinese Academy of Social Sciences believes that in 2026, it is necessary to adhere to both policy support and reform and innovation, and to coordinate short-term macroeconomic control with medium- and long-term reform and governance. To this end, they propose three suggestions: First, fiscal and financial efforts should be coordinated to effectively unleash the potential of domestic demand; second, high-quality urban renewal should be used as a lever to stabilize investment; and third, innovative approaches to macroeconomic governance should be adopted to accelerate the repair of the balance sheets of micro-entities.

As focus shifts to RBA policy, the AUD/NZD crosses 1.120

Alina Haynes

Jul 29, 2022 10:54

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After turning around at the crucial support level of 1.1100 on Thursday, the AUD/NZD pair has since moved sideways. The narrow consolidation range between 1.1105 and 1.1119, which was created during the Asian session, has been violated by the cross. The Reserve Bank of Australia is expected to increase interest rates by 50 basis points (bps) for the second time in a row (RBA).

 

The RBA will review the Official Cash Rate at its upcoming monthly monetary policy meeting (OCR). According to a Reuters poll, RBA Governor Philip Lowe will increase the OCR for the third time in a row by 50 basis points. The OCR will rise to 1.85 percent as a result. Policy tightening is required in view of the growing pricing pressures in the Australian economy. In the second quarter of CY2022, the Australian Consumer Price Index (CPI) increased to 6.1 percent.

 

The inflation rate was higher than the prior measurement of 5.1 percent even though it remained 10 basis points below the consensus. By the end of September, the cash rate is predicted by 19 of the 31 economists surveyed by Reuters who have a long-term perspective on rates to be at 2.35 percent or higher. This raises the possibility of the expected fourth consecutive rate rise of 50 basis points.

 

Kiwi bulls in New Zealand have not benefited from rising ANZ- Roy Morgan Consumer Confidence statistics. The qualitative data now stands at 81.9, an increase over the prior report's 80.5. The labor market figures for New Zealand will be released next week, which is crucial.